Forum Replies Created
Hi Darren,
Decide what your want to achieve. I don’t know your ages, location or aspirations for life, but I reckon the first step is to decide your needs for your future, your wants for today and tomorrow and how you can use the 500k to maximum benefit. Planning is the key, otherwise you are an easy target for get-rich-quick schemes.
It sounds like your borrowing capacity is fine.
Choose whether your plans coincide with your investment choices. That is whether you want property, shares/stock, art, managed funds etc as investments. Dealing with 500K or there abouts you might want to talk to an accountant or someone you trust other than family and friends(as friends are great to talk to and family you may trust, but you can hardly invite them round for a B-B-Q if they’ve just helped you loose 300K!)With 500K, depending on whether you do 90% LVR or 80% LVR, whether your looking at commercial property, residential etc will determine how many you can do.
Also do your research on anything you opt for, PRIOR to giving out your money.Hope this helps some as I’ve just gone through the same process with a lot less than 500K.
Cheers and congrats on your first posting [
]Sooshie [
]p.s I was once told, ‘There are no problems only solutions’
It’s all our imperfections that make us perfect!
Hi Matt,
I’m in Vic, so I can’t really talk for the practice in Brisbane, however we had a similar occurance just recently.
Basically, we wanted to use equity in home to fund some investments. Hence the need for revaluation of our home. The valuer from the bank came and he knew we wanted to get professional package for investing, which means we had to loan approx $350K plus in total at minimum to get the lower interest rate. Anyway the valuer came in with a value that was 10K short of the professional package cut off. Coincidence? I let you be the judge.
My hubby and I both went to a few auctions where houses with 3 bedrooms were going for more than he valued our 4 bedroom house for. So we complained and thanks to advice from people on this forum, I went to 3 different Real Estate Agents and invited them to do a ‘market appraisal’ on our home with 3 comparitive auction/sale results for similar houses in the area. Therefore we had 3 letters with different letterheads of Realators with 9 houses that had been sold higher than the valuer valued our house for.
Then we went back to the bank, noted to them the 10K difference and the realators letters and then we negogiated.
Finally the outcome was that we got the professional discount, and our house was given 10K on its original valuation.
Do the leg work, twist some arms and then ring their ears with tales of refinancing with other banks that will come to the party!…
Try this first before spending the money.
Cheers and hope this helps someSooshie [
]It’s all our imperfections that make us perfect!
Hi all,
Just quickly, the offer at Angus and Robertson ‘The Richest Man in Babylon’ is on special for $12.95 for the hardback only. I went in to buy one today and found that out. The paperback is $18.95.
Cheers and have a good weekend
Sooshie [
]It’s all our imperfections that make us perfect!
Hi there,
I went into Dymocks and they sell ‘The Richest Man in Babylon’ for $18.95, and they were out of stock. So those of you who want it, you don’t have much time to get into Angus and Robertson.
And NO I don’t work for A&R
Cheers [
]Sooshie (Nice to see lots of newbies) [
]It’s all our imperfections that make us perfect!
Dear Lord,
Did I actually write that above [?]
I’d better get to bed!
A contrite Sooshie [
]It’s all our imperfections that make us perfect!
Hi Howard,
Karma Baby! Light the aroma candles, meditate in a darkened room, get the crystal ball out, mumble a few choice epitah’s and hey presto you might find the property you’ve been looking for! [:0)] Other than that take a glimpse at some of the links at this forum.
Apart from lack of sleep, I’m feeling quite cheeky! Unfortunately Hubby is still working. I guess you all get the brunt of my naughtiness [}
]. And NO I haven’t had anything to drink, actually come to think of it I did have that new Fanta Blueberry flavoured drink which tasted like..[]…umm is this defamatory []?What I really wanted to post is from my research, I’ve found heaps more cash flow +ve properties in QLD than in my research around VIC at this particular time. And since I’ve not been to QLD in a while you are still safe from me, as I’m not likely to purchase anything until I know the area I’m buying into. Lucky for you all!!! [
]A very naughty Sooshie [}
]It’s all our imperfections that make us perfect!
Wow Michael!
That’s a beauty.. thanks for the listing [
]Cheers
Sooshie [
]It’s all our imperfections that make us perfect!
Hi there,
You might also want to subscribe to the Australian Property Investor magazine. It has some interesting articles and ideas and it’s also a tax deduction. [
] I think it comes out 6 times per year.http://www.apimagazine.com.au/
Good Luck
Soosh [
]It’s all our imperfections that make us perfect!
Hi all,
Thanks Andrew B for this link. http://www.sunshinepacific.com.au
I reckon Howard should visit here to find some links to property sites.
Cheers
Sooshie [
]It’s all our imperfections that make us perfect!
Hi Nessie and Hi Steve,
Ladies first:
Thank you Nessie for your reply. I believe a developer did buy it, but I’m not sure as Ashleigh B (the auctioneer) was pointing his hand between two people towards the end, one being George from Metricon homes and the other unknown person. (I hope no one takes offence from names being used, however if you were at the auction you will know that this info was public knowledge). George, did not buy it. I am glad someone feels the same as me. If you are located in the area Nessie, let me know and we can meet for a cuppa. [
]Now for Master Steve… [
]I’m glad that the seminar was a ripper. I guess the focus would be different and that’s great for all, as it gives breadth to your advice and its uses.
About your migraine… well you know if you had me there I would have given you some accupuncture and you would have been okay without blessing the porcelain goddess (pity I couldn’t make it, once the milk bar is closed then I will have time to PARTEEEE [:0)] ). I’m always willing to find new and desperate voodoo dolls [}], or so my hubby tells me!
I guess it was all the stress leading up to the event and the late nights etc. It’s good to see you made a full recovery and that’s the mettle your made from. Bouncing back like Tigger.
The emotion when dealing with real estate is a real roadblock, especially with someone as instinctual as I am. In a way it’s good I’m doing things outside my comfort zone because then I can’t rely on instict to choose, I have to do research etc and make sure it adds up.
I am looking at something totally different now, just waiting for the sums to add up and the finance to drop into my lap [].Talk to you soon
Cheers
Sooshie [
]It’s all our imperfections that make us perfect!
Hi all,
Hoped you all enjoyed the seminar on the weekend.
Here’s another link to keep the momentum going:http://www.apa.com.au/
http://www.homespictorial.com.auThese are based in QLD.
Cheers and happy hunting
Sooshie [
]It’s all our imperfections that make us perfect!
Hi Wayne,
Steve and co. are in Sydney on seminar, but to me it sounds like an ideal opportunity for a wrap. Are the current tenants First home buyer’s? Where abouts (which state) are you in, this will also determine your options.
Another thing I learnt (not sure from where) is that you make money when you buy well, not sell. If it is a wrap then the rules change slightly (from what I can make out) but you’ve had good capital growth on the property.
I might suggest you find a bank or lender that knows about vendor finance as some banks are a bit of a brick wall when it comes to anything creative (I can see those stones flying towards me now []).Congratulations on your first posting, I guess that’s always the hardest.
Cheers and hope you have a great week
Sooshie [
]It’s all our imperfections that make us perfect!
Hi all,
Here’s another link, not so much for finding bargains but it might have some useful info and articles to read…
http://www.beachproperties.com.au/
Cheers and ‘ave a good weekend
Sooshie [
]It’s all our imperfections that make us perfect!
Hi Steve,
Congrats !!! This is great news! Keep up the good work and have a wonderful time at the seminar, I know your listeners will.
Big Smiles of Congratulations
Sooshie [
]Hey Grizzly Bear, Hope you had a nice trip and have a safe trip back to Melbourne. Good Fun at the seminar!
Cheers
Sooshie [8D]
It’s all our imperfections that make us perfect!
Edited by – [email protected] on 06/11/2002 8:37:06 PM
Hi there,
Does anyone know of one happening in Melbourne?
I’d like to know.
Cheers
Sooshie [
]It’s all our imperfections that make us perfect!
Hi Meegan,
Found this, thought you’d like to read it.
http://propertyweb.com.au/press/pr0270.html
Cheers
Sooshie [
]It’s all our imperfections that make us perfect!
Hi AD,
I think I’ll stick with Thomas and the Teletubbies thanks… Hi-5’s okay although they’re a bit too ‘plastickie’ for my liking.
So where am I going to get this video to watch???
Email me if you can spare the copy for a couple of hours [
]Cheers
Sooshie [
]Hey all, look at the time… [|)]
It’s all our imperfections that make us perfect!
Hi Ad,
A volvo? A Swedish block of flats on wheels? A Lexus is more my type…(for normal driving) or a sports car. This girl likes fast cars…very fast.
Maybe if I get a fast car, I can speed up to Sydney and be back before next b/feed? Perhaps I could just spread my wings and fly there… I seem to be able to multitask like all other women! []Missing it already
Sooshie
It’s all our imperfections that make us perfect!
Hi there,
Is it ‘Wealth Magic’ or “Property Magic” by Peter Spann? If it is the latter, Angus and Robertson sell it for $24.95.
Thanks for the reviews…
Cheers
Sooshie [
]It’s all our imperfections that make us perfect!
]
]
]
]…umm is this defamatory [
]?
]).
